LO.2 Franklin County is in dire financial straits and is considering a number of sources for additional

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LO.2 Franklin County is in dire financial straits and is considering a number of sources for additional revenue. Evaluate the following possibilities in terms of anticipated taxpayer compliance.

a. A property tax on business inventories.

b. A tax on intangibles (ie., stocks and bonds) held as investments.

c. A property tax on boats used for recreational purposes.

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